Najbei: Bahrain is a model of economic transformation 200 years ago.

The activities of the Bahraini Omani Business Forum, organized by the Omani Chamber of Commerce and Industry, were launched in the Omani capital, in the Omani capital, in the presence of the Omani Chamber of Commerce and Industry, in the presence of the largest businessmen and investors from the two brotherly countries, where the forum was chaired by the Bahraini side Khaled Muhammad Najibi, the first deputy head of the Bahrain Chamber, while it was chaired by the Omani side by Sheikh Faisal bin Abdullah Al -Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry.

The forum discussed the promotion of mechanisms to enhance joint economic and investment cooperation between Bahrain and the Sultanate of Oman, and to explore partnership opportunities in multiple sectors that include construction, real estate, industry, energy, technology and other sectors, as well as discussing ways to facilitate procedures and exchange experiences in priority economic fields, and discussions also focused on a group of sectors, including the banking sector, the retail sector, communications, technology, industry, energy, health sector, and health sector Transport, logistical services, food, and financial sector, as well as construction and real estate.

In turn, Najibi stressed the importance of the Bahraini Omani Forum in enhancing economic and investment cooperation between the two countries, saying: This economic meeting that brings together two brothers on a land that brought together history and vision, between originality and ambition is not just an economic effectiveness, but rather a bridge of cooperation and common belief that the prosperity of one of us is the power of the other, adding that the convening of the forum comes as a translation of the directives of His Majesty King Hamad Khalifa, the monarch of the bone country, and his brother His Majesty Sultan Haitham bin Tariq, the sister of Oman – may God protect and preserve them – and embodying their common concern to push bilateral relations towards wider horizons.

In his speech during the opening of the forum’s work, Najibi spoke about the economic journey that Bahrain has fought over more than 200 years, saying: Bahrain has fought a unique economic transformation journey that made it a model in adaptation and innovation when it started from the green economy, where agriculture and groundwater Imad al -Hayat, then moved to the blue economy with the prosperity of pearls and marine logistics, and after the normal pearls, continued to be creative in the economy in the economy in the economy Al -Dhahabi, where the craft in gold and jewelry became a sign and identity, then the oil came to lead it to the fossil and industrial economy, as Bahrain was the first Gulf country to discover oil and adopt a modern national industry, which was strengthened by aluminum as an industrial lever and an export feature.

He added that with the development of the markets, Bahrain has emerged as an advanced financial center, to become the leader of the financial economy in the region, from Afshur banks to Islamic exchange to insurance and reinsurance, and today lives the transition to the digital economy, where data and artificial intelligence, noting that the most prominent lessons learned from this economic journey, is that flexibility represents the ability to adapt to variables, and that diversification is the guarantee against crises, and that the head Human money is the more and more sustainable investment, and that when it is associated with innovation, the identity is made, it creates a sustainable competitive advantage.

Najbi pointed to the role of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Prime Minister in achieving the economic transformation in Bahrain, when the Economic Development Council for the Transformation of Economic Diversification founded a slogan to a system of operation for the state through fundamental foundations and practical reforms that included: creating an attractive business environment, identifying clear priority sectors along with empowerment of youth and women, and establishing investment in human capital as the first engine for development.

Regarding the Bahraini Omani relations, Najibi explained that it is not the product of the present, but rather an extension of a deep -rooted historical partnership, based on the bonds of brotherhood and the unity of common destiny and from the womb of these historical ties, the strategic partnership represented by the Bahraini Omani company was born, it is a living embodiment of the ambitious visions that bring together the leaders of the two countries, and a promising platform that translates our aspirations into a tangible reality as it comes as an expression of the approach Fixed in cooperation and integration, which paves the way for a bright future for more good and growth for Bahrain and Oman.

He added that this forum is a practical embodiment of the convergence of the common national visions between Bahrain and Oman, where Bahrain Economic Vision 2030 converges with Oman Vision 2040 in one goals: diversification of the economy, empowering man, and sustainability of growth, pointing out that this forum is an practical opportunity to translate these visions into realistic projects, qualitative partnerships, and investments that add value to the two brotherly countries.

In turn, Sheikh Faisal bin Abdullah Al -Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, stressed in his speech during the Bahraini Omani Business Forum the importance of the forum in enhancing economic and investment cooperation between the Sultanate of Oman and the Kingdom of Bahrain, noting that the forum is an important step towards strengthening bilateral relations between the two brotherly countries.

He said that the forum that brings together the Sultanate of Oman and the Kingdom of Bahrain in a framework of joint cooperation and future vision is not just an economic event, but rather a real opportunity to explore the opportunities for cooperation in several vital sectors, and to expand the prospects for partnership between the two countries to serve common interests, indicating that the forum reflects the high directives of the leaders of the two countries, in pushing economic relations towards new horizons, while strengthening partnership in multiple areas such as industry, energy, technology, and health.

He added that the Bahraini -Omani relations are an extension of a deep -rooted historical partnership, and today we are working on embodying this partnership in the project of the “Bahraini Omani Company”, which represents a vital model for investment and economic cooperation between the two countries and through this entity, we aim to deepen cooperation and integration in many economic fields, referring to the vision of Oman 2040 and Bahrain Vision 2030, stressing that the forum represents an opportunity to translate these visions into Realistic projects that benefit all economic sectors in the two countries.

For his part, Ambassador Dr. Juma bin Ahmed Al -Kaabi, Ambassador of the Kingdom of Bahrain to the Sultanate of Oman stressed the importance of bilateral cooperation between the two brotherly countries in various fields, especially trade and investment, indicating that within the framework of implementing the agreements signed during the visit of the country’s great visit to the Sultanate of Oman, we were keen to follow up on the implementation of these agreements in a serious way. 17 Omani universities have been approved in Bahrain and 9 Bahraini universities in Oman, in a step to enhance cooperation in the field Education between the two brotherly countries.

He added that work has been done to develop joint tourism programs, in addition to the exchange of influencers for tourism promotion between the two countries, pointing out that partnerships between entrepreneurs in the two countries have reached about 500 partnerships so far, which reflects the great progress in economic cooperation, and that these partnerships cover a wide range of sectors, starting with tourism and manufacturing industries to technology and innovation sectors, which enhances economic integration between the two countries and constitutes a solid base To expand future investment opportunities.

While a member of the Executive Office of the Bahrain Chamber, Mr. Bassem Al -Sa’i, reviewed an overview of the Chamber as the oldest commercial room in the Gulf region since its foundation in 1910, and its role as a major representative of the Bahraini private sector, as it includes more than 38,000 active institutions, including a large percentage of individual projects and small and medium enterprises.

Al -Sa’i pointed out that the Chamber is a key partner for the government in supporting the national economy, through its active participation in a number of national committees and joint departments councils, as well as its strategic relations with regional and international organizations such as the Federation of Gulf Chambers, the German Arab Chamber, and the General Union of Arab Chambers of Commerce.

The courier focused on the qualitative transformation that the Chamber witnessed during the recent period, through the launch of a series of development initiatives that included the establishment of the Commercial Dispute Resolution Center, the activation of the “distinguished support path” service, and the restructuring of the sectoral committees to keep pace with market variables, in addition to developing digital platforms and membership services through the “Isa” application.

He also stressed that Bahrain, thanks to its advanced infrastructure and its flexible legislative environment, represents an ideal investment destination, calling for deepening cooperation with the sisterly Sultanate of Oman in the strategic sectors, especially financial technology, logistical services, and manufacturing, stressing the Chamber’s commitment to support the initiatives and projects that contribute to enhancing economic integration between the two countries.

In the dialogue session that was organized within the activities of the forum, Sawsan Abu Al -Hassan, a member of the Board of Directors of the Bahrain Chamber of Commerce and Industry, spoke about the promising economic sectors in the Kingdom, noting that the financial technology sector is one of the most prominent sectors that highlight as a strategic investment opportunity, stressing that Bahrain has a strong bank infrastructure base since the 1970s, which provides the ideal basis for strengthening this sector and achieving advanced steps in the field of financial technology.

She explained that the legislative environment in Bahrain greatly supports this sector, which enhances its position as a regional center for financial technology and we look forward to building a financial and economic bridge between Bahrain and Oman, which will provide an opportunity for the two countries to benefit from the electronic linking of the payment, along the lines of the advanced system in Bahrain, which will contribute to enhancing commercial transactions between the municipality, pointing to the importance of working to expand the scope of this sector to become an essential part of the economies The patriots, where we look forward to increasing the contribution of the financial technology sector to the gross domestic product of both countries, in addition to increasing liquidity in the financial markets, which contributes to attracting investments and enhancing economic growth in the region.